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China has accelerated the opening of the domestic financial markets and deepened supply-side structural reform in the financial sector. The PBOC announced on Feb 11 it has approved Mastercard NUCC Information Technology (Beijing) Co Ltd, a joint venture of Mastercard and NetsUnion Clearing Corporation, a Chinese clearing house for online payments, giving Mastercard access to China's massive payments market.

China has not succumbed to outside pressures. Nor will it stop the steps of opening up. China will continue to advance the Belt and Road Initiative as the master plan for its opening up. And in this process, China will strive to make sure that more countries and people will benefit from BRI.

China has now been in the top 10 fastest reforming Doing Business countries around the world for two years in a row, mainly due to several business reforms. It has moved up in the ranking by almost 50 places in the process. Its rank this year climbed to 31st place in terms of ease of doing business, up from 46th a year earlier and 78th in 2017, the study showed.

China calls on all parties involved to speed up consultations on the expected Code of Conduct in the South China Sea in a flexible and pragmatic way, Premier Li Keqiang said on Thursday.

China has launched market-based initial public offering reform on the innovation-focused startup board of the Shenzhen Stock Exchange, a major step to allow market forces play a greater role in new share sales and help channel more much-needed investment into the country's innovative firms.